On the recordJune 11, 2025
Previous tariff levels were unsustainable.
Said by
Scott Bessent
Previous tariff levels were unsustainable.
Bessent highlighted the need to address high tariff rates.
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As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.
I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.
Today’s actions send a clear message that even the biggest financial institutions are not above the law.